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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (3205)	1/3/2002 1:27:12 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 3536

World recession That is the tough question about a one-world currency.. It's obvious that it would not be feasible without wage and prices being standardized around the world. That's why I think the Euro is going to have deflationary impact on the EU, until weaker economic structures dovetail with more productive ones. And the fact that many EU members have more socialistic economic policies than others, means that there are going to be some inevitable policy conflicts between member states, which the ECB is going to have accomodate. But that being said, sometimes it's necessary to force this ind of "discipline" upon these governmental bodies so that their economic policies take into account the need to facilitate corporate profits and investor returns. Hawk